September 24，Qujiang Cultural Tourism announced，In order to actively implement the company“Go out”Strategy，The company plans to cooperate with Wenzhou Yandang Mountain Tourism Development Group Co., Ltd.、Huanrui Century United Co., Ltd.、Beijing Hengli Xinyuan Technology Investment Co., Ltd. signed the "Yandang Mountain Cultural Tourism Industry Development Investment Cooperation Agreement"，Establishment of Wenzhou Yandang Mountain Quwen 188bet sports betting., Ltd.，Jointly participate in the construction and operation of the Yandang Mountain Cultural Tourism Industry Development Project。The project company is a holding subsidiary of the company，After establishment, it will be included in the scope of the company's consolidated statements。

Announcement display，The registered capital of Wenzhou Yandang Mountain Quwen 188bet sports betting., Ltd. is RMB 100 million。Among them，Travel Development Group invested 25 million yuan in cash，Accounting for 25% of the equity of the project company；Qujiang Cultural Tourism invested 38 million yuan in cash，Accounting for 38% of the equity of the project company；Huanrui Century invested 20 million yuan in cash，Accounting for 20% of the equity of the project company；Henley Xinyuan invested 17 million yuan in cash，Accounting for 17% of the equity of the project company。Among them，The cooperation content of the project company includes the construction of Yanhugang Scenic Area and Cableway Project in Yandang Mountain、Expansion of Yandang Mountain Hotel Project、Create real-life performance projects、Enriching scenic area business formats and improving infrastructure, etc.。

As understood，The total registered capital of 188bet sports betting is 100 million yuan，As project capital。Other construction fund gaps of the project will be raised by 188bet sports betting，Including but not limited to financing from financial institutions、Government support funds。Ruoyan Hugang Scenic Area and Ropeway Project Planning、Design Plan、Construction approval, etc. failed，188bet sports betting cannot continue to promote the development of the project，Long Development Group can transfer all the equity interests of other three parties，After the other three parties withdraw，Termination of this agreement。